Cash Management Specialist

Cash Management Overview

• The Cash Management role focuses on overseeing daily cash operations and ensuring efficient financial transactions.
• This is a contract position with a duration of approximately six weeks, with potential extension.
• The role requires full-time onsite work, Monday through Friday, at the client’s headquarters.
• You will collaborate with Treasury personnel to ensure accurate cash positioning and fund transfers.
• The position involves preparing analytic reports and supporting cash management functions for business units and subsidiaries.
• Ideal candidates will have a strong background in finance or accounting and excellent communication skills.
• This role offers an opportunity to gain hands-on experience in corporate finance operations.
• Candidates should be proficient in Microsoft Excel and Word, with knowledge of cash management processes.

Cash Management Key Responsibilities & Duties

• Monitor intra-day cash activity using treasury and banking platforms, updating daily cash position worksheets.
• Reconcile prior-day cash activity using bank statements and treasury reports, ensuring accuracy in cash position worksheets.
• Prepare spot foreign exchange transactions to support non-USD payment requirements.
• Review intra-day bank activity to ensure timely processing of approved and forecasted payments.
• Prepare bank-to-bank and intercompany fund transfer requests for execution by authorized personnel.
• Provide cash management support to business units and subsidiaries, ensuring operational efficiency.
• Assist in creating analytic reports for management to support decision-making processes.
• Investigate and resolve discrepancies in cash transactions and account balances.

Cash Management Job Requirements

• Bachelor's degree in Finance or Accounting, or equivalent professional experience required.
• Minimum of two years of corporate accounting or finance experience, preferably with tenure at one company.
• Knowledge of basic accounting principles, including general ledger entries, is essential.
• Foundational understanding of corporate finance and cash management processes required.
• Proficiency in Microsoft Excel and Word is mandatory for this role.
• Strong written and verbal communication skills are necessary to succeed in a multicultural business environment.
• Experience in account reconciliation and cash management is preferred.
• Ability to work onsite full-time, adhering to a structured schedule.